MARKET WRAP: Sensex slips 82 pts, Nifty gives up 11,800; pharma stocks fall

All that happened in markets today

9:20 AM

Bandhan Bank gains 3% on inclusion in F&O segment

9:19 AM

Sectoral trends at NSE during Opening trade

9:18 AM

Top gainers and losers on S&P BSE Sensex during Opening trade

9:17 AM

First Trade | Nifty still below 11,900

9:16 AM

First Trade | Sensex begins with a green tick

9:11 AM

Adani group joins race to buy Air India, plans to submit EoI by next month

The Adani group has ambitions to become India’s largest private airport operator with three airports already in its kitty – Lucknow, Ahmedabad and Mangalore. It has also won the race for three more airports – Thiruvananthapuram, Ahmedabad and Guwahati – but is awaiting government clearance. READ MORE

9:04 AM

Top gainers and losers on S&P BSE Sensex during Pre-open

9:03 AM

Market at Pre-open

9:03 AM

Market at Pre-open

9:01 AM

Rupee opening

Rupee opens stronger at 71.85/$ vs Monday's close of 71.92 against the US dollar

9:00 AM

Sebi's review of margin framework expected to lower hedging costs

“Trading option strategies will now make business sense. Margins for hedged positions could drop by 70 per cent,” said Nithin Kamath, co-founder and chief executive officer at Zerodha.

 

The new margin requirements by Sebi were issued on Monday, after consultation with Sebi’s Risk Management Review Committee. READ MORE

8:54 AM

Coronavirus-induced lockdown in China can put the brakes on pharma funds

"Domestic pharma companies, which are importing raw materials from China, have inventory for one or two months. But, if there is any prolonged impact, it can lead to some production disruptions," said Mahesh Patil, co-chief investment officer of Birla Sun Life Mutual Fund (MF). READ MORE

8:47 AM

Stocks to watch

Tech Mahindra: IT company Tech Mahindra on Monday said it has signed an agreement to acquire 100 per cent stake in US-based Zen3 Infosolutions for $64 million (Rs 460 crore) in an all-cash deal. Besides, the company also announced an interim dividend of 200 per cent or Rs 10 per equity share.

 

HUL: Hindustan Unilever (HUL) on Monday said its board had approved the formation of a new wholly-owned subsidiary with an authorised share capital of Rs 2,000 crore. READ MORE

8:45 AM

SBI stock basking in optimism; stakes too high to disappoint investors

In an environment where investors aren’t preferring to own state-owned entities, including banks, the stock of State Bank of India stands out as a stark exception. Not only is it analysts’ most preferred public sector bank (PSB), but it is also turning out to be the most-owned PSB as well. In fact, with 51 out of 54 analysts polled on Bloomberg recommending ‘buy’ (or 94 per cent of analysts polled), bets on the bank is higher than what it enjoyed in 2005, when 92 per cent of analysts tracking the stock were positive on it.  READ MORE

8:40 AM

Coronavirus scare: Refiners to get rare oil cheap as demand slows in China

“Opportunity for Indian markets is more in the context of what is happening in China. In recent times, we received crudes which are appearing to be attractive as compared to their value earlier,” said R Ramachandran, head of refineries at Bharat Petroleum.

 

Refiners in India, the world’s third-biggest oil importer, rarely get the opportunity to buy suitable grades from areas like the Mediterranean and Latin America because of higher freight rates. READ MORE